A company produces a special new type of TV. The company has fixed costs of $470,000, and it costs $1400 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2200. Assume a linear demand. How many TVs must the company sell to earn $2,035,000 in revenue? It needs to sell TVs. (Round answer to nearest integer. If more than one answer, separate with a comma.)
A company produces a special new type of TV. The company has fixed costs of $470,000, and it costs $1400 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2200. Assume a linear demand. How many TVs must the company sell to earn $2,035,000 in revenue? It needs to sell TVs. (Round answer to nearest integer. If more than one answer, separate with a comma.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:A company produces a special new type of TV. The company has fixed costs of $470,000, and it costs $1400 to produce each TV. The company projects that if it charges
a price of $2500 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2200. Assume a linear demand.
How many TVs must the company sell to earn $2,035,000 in revenue?
It needs to sell TVs.
(Round answer to nearest integer. If more than one answer, separate with a comma.)
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